Key Takeaways
- On the sidelines of the Second Nordic Council Meeting, the Indian Prime Minister carried out a series of bilateral talks with Nordic country heads which included Norway, Sweden, Iceland, Finland.
About Nordic Summit
- India first Nordic summit in 2018
- The Nordic Countries includes Sweden, Norway, Finland, Iceland and Denmark
- Why are Nordic Countries significant for India?
- Key topics of security, economic growth, and climate change are discussed.
- India can learn from the Nordic approach to innovation systems, which is characterized by substantial collaboration across the public, private, and academic sectors.
- Nordic solutions can be beneficial in fields such as clean technology, maritime solutions, port modernization, food processing, health, life sciences, and agriculture.
Second Nordic Summit
- The Second Nordic Council Summit provided an opportunity to assess how far India-Nordic ties have progressed since the first India-Nordic Summit in Stockholm in 2018.
- Multilateral collaboration in post-pandemic economic recovery, climate change, sustainable development, innovation, digitalization, and green and clean growth were among the topics discussed.
- Cooperation in the maritime industry was also discussed, with a focus on long-term ocean management.
- The Prime Minister asked Nordic firms to invest in India’s Sagarmala project, particularly in the Blue Economy sector.
- The relationship between India and the Nordic countries in the Arctic was discussed. India’s Arctic Policy, according to the Prime Minister, provides a good framework for expanding India-Nordic collaboration in the Arctic region.